This pair is on a decline on the weekly chart and the move down to the 0.7 price zone is likely. This is the price zone of the massive downward movement seen in January 2015 .
Take the trade as shown on the chart and it's good for a 1:4.5 RR ratio.
Comments or idea's, please do post them :)
Thanks for reading!
Take the trade as shown on the chart and it's good for a 1:4.5 RR ratio.
Comments or idea's, please do post them :)
Thanks for reading!
Note
Can take some hours before a possibly entry is forming
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.